Multifamily developer JPI recently hosted a roundtable with industry experts in Irvine. The panel included Payton Mayes, CEO of JPI; Jay Parsons, SVP of RealPage; Chris Porter, SVP of John Burns Research and Consulting; Rachel Parsons, senior managing director of Berkadia; Jon Tarnow, senior client executive of JPMorgan Chase; Dylan Feik, city manager for the City of Monrovia; and moderator Isabel Sami, lead real estate journalist at LA Business First.

The panel gathered to discuss the following topics as they relate to both national and Southern California multifamily markets: economics, demographics, development/construction, brokerage, banking and city government.

“From a new deal perspective – land opportunities, etc. – I think we are seeing the same amount of deal flow that we usually do, but the bid-ask spreads are a little wider because some land sellers haven’t adjusted their expectations with the realities of today’s capital markets landscape,“ said Mayes.  “We’re seeing more deal flow from some developers that have land tied up, but they can’t get capitalized, so there are opportunities.“

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.